WELLS FARGO and ISRAEL
WELLS FARGO and ISRAEL
This is just a short note to inform all of you about At God’s Table and the recent experience with Wells Fargo bank.
In July I needed to make the last payment to our tour operator in Israel for all the people who were traveling with Bob and me. I went to my local Wells Fargo branch to send the wire. The banker told me that since I was sending the wire to Israel, it would make sense to convert it to shekels and then send it. I listened to his advice, did the conversion, and sent the wire. Only after the money arrived did I realize that the bank used a conversion rate far less than the customary official rate. In fact, the bank extracted no less than $2,122 for this transfer, a transfer that was supposed to cost a mere $35.
As soon as I realized this, I brought the issue to the attention of the bank. Of course, they pointed out that I had signed the wire transfer agreement, but they escalated the complaint. Eventually they informed me that there was nothing they could do. After all, I had signed the wire transfer.
After some deliberation, I wrote to the Chairman, John Stumpf. I have now received a reply from his office. In essence it says, “Too bad. You signed it.” The bank takes no responsibility at all for misleading me in the transaction. They benefitted by $2,122. That is apparently all that matters to them.
Of course, that simply meant that I had to send an additional amount to our tour operator, but that company was more than gracious about the whole greedy encounter. In fact, they are to be praised for their part in this affair.
I am not telling you this to feel sorry about my mistake. I should never have listened to the banker, but I thought bankers were supposed put their customers first. Apparently that is not one of the requirements for working at Wells Fargo.
Be warned, please. And let your friends know too.
Skip
Skip, This is where you have to use social media, as well as your local news channels to your benefit. I don’t know if you are on Facebook, but if you are, post this story there. It will spread like wild fire, and the negative publicity will get more attention than your letter to the Chairman. As well, call your local news channels, and tell them the story. Most stations have a complaint story section, and they might pick up your story and broadcast it. Once again, the negative publicity will probably get WF to fix the situation. It is sad that it takes such measures, but from their perspective, one letter is one person, once it goes public and the public starts to join the chorus, now they have a real problem they have to fix.
Just my 2 cents…
Good ideas, Rick. We can all help spread the word by sharing FB posts of this TW on our own sites.
100% agree with Rick.
Even if you don’t want the money back this would be a service to others.
My daughter was using the bank that transformed itself into Wells Fargo right about that time, and she was running in to trouble with them already. She would deposit cash: CASH, mind you, and then write a check to her landlord, but the bank would tell him that he had to wait 3 days for the money to ‘clear’. My son became concerned, based on what he had learned about the practices of that bank, and advised her to close her account. When she went in to withdraw her money, she was informed that there was a fee for closing the account, consisting of hundreds of dollars. Indeed, she learned that some of her friends (college students) had been charged a lot of money as penalties for closing their accounts. Well, she opened another account with another bank, and, following my son’s advice, drew the account down slowly until it had a $2 balance, and then just left it until they closed it of their own accord. Business as usual at Wells Fargo. So sorry about what you experienced. Why anybody uses them at all, still, I do not know!
I’m amazed you trusted them in the first place. Banks are the most crooked companies on the face of the earth, they belong to the beast system. NEVER trust whatever bank at all!
Kees, up north in the Netherlands, the best I recall !. Glad to see and hear from you. Yes, I would agree one hundred %! as a 17 year old High School Graduate, back in 1950, my parents would not let me leave home so young and go off to College. But God had all things in control, so I just walked down the Boon Town, in TEXAS, to the First National Bank, and applied for a job. Well, in two weeks, I was hired and working in the Loan Dept, to learn how it worked. For one year, I learned banking; among many other things; I learned of one the “dark” sides of banking.. Yes, when the Senior Vice-President made a loan; he came up to the cash drawer, got some cash out to put in the :”kitty”. It was $400.00 added to the man’s Car Loan. That was described to me as “our play money”, we would use it for food, drinks, etc. for our Christmas party–given to a larger town, fifty miles away from where the bank was. I DID NOT GO, thank goodness my parents did not want we on the highway with anyone at night that they did not Know WELL. But on Monday morning, all the gossip that was going around of the drinking binges, hotel sex for old men, and younger women, etc. was CRUDE, and Horrible to hear.– I never have forgotten that major job with a Bank. I did learn things valuable about finances also. And later with a College history teacher, who cared enough about his students to explain again the basics of Credit, ( no cards then) and going in debt, and what the interest rate added up to be, etc. My husband and I never got heavily in debt, that we could not pay up in 30 days. ONE OF THE MOST BASIC IMPORTANT LESSONS OF LIFE. I GIVE THANKS EVEN FOR TODAY FOR THAT.
This is written to REPEAT AND ADD TO WHAT I WROTE EARLIER TODAY; “WELLS FARGO IS NOT ONE OF THREE BAD BANKS! KEES IS CORRECT!
If you have a strong stomach read https://www.consumeraffairs.com/finance/wells fargo
Be warned, if you are an American it you might ruin your day. There are thousands of nearly unbroken one star ugly reviews of America’s third largest bank by normal people going about their daily banking routines.
apparently the link you have in this post no longer exists. Perhaps you can update it.
https://www.consumeraffairs.com/finance/wells_fargo.html
This should work Skip
Link works, Skip when you highlight link including fargo, to copy and paste. It says 1,811 complaints
https://www.consumeraffairs.com/finance/wells_fargo.html
Thanks for sharing this, Skip. Refinancing my Wells Fargo mortgage just became a top priority.
Our mortgage was sold to them a couple of year ago… 🙁 I’m not really sure how to get it away from them and to whom it should go. We have an amazing rate (since our loan is almost 5 years old and we got it when the market was really low), so I don’t want to lose that. This kind of stuff is frustrating and confusing.
Wells Fargo and Bank of America are the top two most corrupt banks in the world and are part of the One World Order…this is in direct correlation to the UNESCO news that is happening in Israel as we write these comments…sad to say!
Hi Skip,
One of the adds for the above mentioned bank in someone riding SHOTGUN on a stagecoach. I think everyone with an account should take that same metal shaft and stick it to the bank. This is to say, Everyone who has an account with Wells Fargo should go to the bank next week and demand all of the cash that is in their accounts, thereby putting a run and collapsing the bank.
This makes me mad. I agree with Rick, make this go like wild fire through all kinds of social media and news channels.
So Skip, is it ok with you if we post this on FB?
Of course. Thanks
So how can we reach this chairman, John Stumpf? Does he have email or phone number?
Hi Skip we enjoyed meeting you in Fresno. The U.S is not what it was ethics, morality, integrity have been redefined by a culture in decline. JonI Mitchell sings (Propheticly I belive ) on her 1985 album”Dog Eat Dog” “In every culture in decline the watchful ones among the slaves know that everything that is genuine is scorned, and conned and cast away; it’s Dog Eat Dog….” I am sorry for your trouble and agree with Rick get the news out that W.F are not to be trusted with other peoples money. The good news is that truth will out and reality wins. We can not deny the creators ways he has overcome the world, disfunction and death. It’s just a matter of time.
Skip, Mark,
All of you, a reminder of my age, 83 years- living alone–trying to exist–the past months have only occasionally had time to read any of this–AS I HAVE SPENT ALL MY ENGERIGES, TRYING TO SURVIVE EVEN WELLS FARGO BANK– BUT ALSO SEARS ROEBUCK –FOR A NEW REFRIGERATOR WHEN THE SEVEN YEAR OLD SAMSUNG STOPPED WORKING AND NO ONE WOULD WORK ON IT, AS THEY WERE SO POORLY MADE!–I HAD GIVIEN MY ONE CREDIT CARD # OUT TO SEARS STORE–THINKING IF YOU COULD TRUST ANY CO. IT WAS THEM! ( MY SON TOLD ME 12 YEARS AGO, TO NEVER DO THAT NO MATTER WHAT!. WELL, I DID, AND IT TOOK MY CREDIT CARD CO. AND ME THREE MONTHS TO GET MY MONEY BACK FROM SEARS. THEY USED SUCH A POOR GROUP -BARELY SPOKE ENGLISH, BUT SENT THE CARD # IMMEDIATELY IN; BUT I NEVER EVEN HAD A CONTRACT WITH THEM, OR RECEIVED THE REFRIGERATOR! AS STATED.
MY CREDIT CARD CO. IS BARKLEY BANK, & WITH OUT THEIR FAITH IN ME, AS I HAVE NEVER EVER HAD ONE PAYMENT LATE, AND COMPASSION, (YES, ON THE EAST COAST). EACH HIGH OFFICAL I DEALT WITH ( YES, THEY WERE ALWAYS ONE AVAILABLE; SAID, ” WE WILL STAND BY YOU/ WITH YOU, BUT WE MUST GO THROUGH THE PROCESS THAT THE GOV. HAS APPROVED. –THAT IS THE KEY PEOPLE, THE GOV. ALONG WITH WELLS FARGO, ( (WHEN MY HUSBAND WAS ALIVE WE BANKED WITH THEM). THE CURRENT GOVENRMENT REGULATIONS ARE LOCKING US INTO TOTAL SOCIALISM, NOT JUST U.S. BUT ALSO THE WORLD. ONLY THOSE IN AUTHROITY WILL HAVE ANY WEALTH. ISRAEL WILL BE WIPED OUT EVENTUALLY. AND NEARLY EVERYTHING ELSE WE CONSIDER VALUABLE! ( I KNOW THIS SOUNDS NEGATIVE. HOWEVER; I ALSO KNOW I MUST TELL THE TRUTH NOW;— I AM SCHEDULED TO HAVE TESTING WITH ” AUSTIN HEART” TESTING TOMORROW; I HAVE BEEN WITH THIS GROUP FOR 14 YEARS..THEY ARE HONEST, GOOD, HOWEVER MY LEAD DR. HAD TO RETIRE A FEW MONTHS AGO,-DUE TO AN ACCIDENT AND MY REPLACEMENT DR. HAD TO PICK UP US, ALONG WITH HIS GROUP.. SO THINGS HAVE BEEN SLOWED DOWN. —— I COULD ALSO TELL SIMILAR STORIES ON LOCAL PEOPLE AND THE CORRUPTION I HAVE BEEN THROUGH–& I HAVE PAPERS TO BACK ALL OF THE STORIES. BUT UNLESS SKIP OR MARK SEND ME AN E-MAIL AND WANT TO CALL ME; I MUST LIMIT MY CONVERSATION. HOPEFULLY . — Well, one more on Wells Fargo:
This one started several months ago with a local Audiologist that I had used and worked with previously in an okay manner. He had a full page advertisement on the Above bank mentioned, in our paper for several days, I did need new hearing-aids, and took the ad as HONEST. Well, it was full of loop holes; and to make it short–about four months later, after I took the contract out and studied the smallest print available-using a huge magnifying glass, with my own bifocals. I found that I could say they did not fit; and had evidence that was true by taking them back to the Audiologist, and getting him to see what he had done wrong in the mess-up of fit, etc. and that I wanted to return them and keep my old ones which fit better. ( I still have the first ones I got from him in 2010. six years ago.)–well the Time, Pain, stress level, and etc. as I stated elsewhere, helps you see the reality of current Gov. regulations–if you are a LARGER than LIFE Bank. and after all these years of being with Skip, I believe he knows that I have NOT in the Past been one to complain. I love all of you. LaVaye ( if you are wondering about my family–well, just like Skip, and most of you, they live elsewhere from me/and where my husband of 61 years is buried-and where my name is on the marker by his already–just need to add a day.,. I do have regular contact with them by phone and e-mail, along with my eight grandchildren-with 6 spouses, and ten Great-grandchildren who even come to visit me when possible. God is so good and still on HIS Throne!.
Do you do tours in Israel???? We live in France and would love to travel to Israel on a guide tour.
We are potentially doing a study tour in 2018. I will post details on this web site when they are ready.
keep me on the loop please.